Ralph Serrano - Safe Harbour Equities Sells Bal Harbour Condo For $13M With Brokers Alejandro Diaz Bazan & Isaac Lustgarten
9701 Collins Avenue, Bal Harbour, Florida 33154, United States
$13,000,000
$3,347/SF
Building Size
3,884 SF
Asset Type
—
Closing
Mar 16, 2022
About this deal
AI
Located in the prestigious Bal Harbour market, this condominium at 9701 Collins Ave PH 2702/03 was recently sold in a closed transaction. The property spans over 6,256 square feet, offering ample space for its new owners. The sale price for this condo was $13,000,000, resulting in a price per square foot of $1,173.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $13,000,000
- Address: 9701 Collins Ave PH 2702/03
- Market: Bal Harbour
The seller, Safe Harbour Equities, was represented by Ralph Serrano. The buyer's agent was Alejandro Diaz Bazan from the Jills Zeder Group - Coldwell Banker, and Isaac Lustgarten from Douglas Elliman was also involved in the transaction. These experienced brokers played a pivotal role in facilitating the successful sale of this spectacular condominium in Bal Harbour.
On the Map
$13,000,000
$3,347/SF
View full map
Players
Bal Harbour CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Steven Landau to view all their deals.
Browse Florida sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93